Burt addresses Innovation and Insurtech Bermuda 2018

Premier of Bermuda David Burt spoke at GR’s Innovation and Insurtech event today, underlining the importance of innovating and staying ahead

Innovating and developing technology are crucially important to Bermuda’s status as a leading global re/insurance hub, the island’s premier, David Burt, told GR’s Innovation and Insurtech 2018 event.

Technology is having a transformative impact on the sector, and Bermuda’s regulatory environment as a jurisdiction of choice for re/insurance needs to keep pace with that, he emphasised.

Burt underlined the importance of the re/insurance sector to Bermuda.

“It’s important to innovate and stay ahead. Staying ahead has always been crucial to Bermuda’s success,” said Burt, interviewed by Sean Moran, interim CEO of Bermuda’s Business Development Agency (BDA).

“We need to look at process; we need to look at how we do things; and how we make it more efficient,” said Burt (pictured sitting left).